Has your debt been increasing lately? Are you tired of trying other financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve been through every thing.
In the majority of cases, the most effective approach is to talk to professionals that can help you resolve the issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they are able to help or put you in more debt.
According to their clients they can assist you in managing 80percent of your debts so that you can finally take a couple of w
orries off your mind.
For some they believe these claims are too good to be true.
You might be looking for something that will aid you in settling your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth study of how CuraDebt is used and the problems it could help solve.
Furthermore, before we conclude we’ll look at the advantages and disadvantages of this method.
Before you begin the review, you can watch this video instead if you prefer for it to be watched.
Otherwise, let’s begin.
Before you continue, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Does Tax Relief Affect The Economy
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best popular feature. They also provide additional services to help you be more financially stable.
The process starts by requesting a no-cost savings estimate online. This service is very confidential and won’t conduct a credit inquiry. With this savings estimate you’ll be able to be able to learn more about the other options in your journey to be debt-free.
This estimate of savings, as we’ve mentioned before, gives you an insight into your choices regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to help you with credit arbitration in the event that you decide to join. Certain financial advisors can assist you with your debt-free journey.
Following your debt settlement plan, CuraDebt can be the agency to take care of all the calls from your creditors. They’ll be the ones who will negotiate the terms of your repayment depending on the condition of your financial situation. In determining which option is the most effectively your situation, the payment can be either a lump sum settlement or an installment plan.
Additionally they will work with lenders to help you get better rates when you make deposits to your savings account, which is then processed to pay creditors. Their programs can assist you to settle the debt within the period of 48 months.
Once you’ve signed up with them, they will allow you access to your data 24/7. All you have to do is sign in to CuraDebts’ client portal so that you can monitor your progress.
Before you can benefit from the program, you’ll have to satisfy their criteria first. For eligibility, you’ll have to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they help you?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf for all kinds of debt. They can help with medical bills, personal loans credit cards, and line of credit. You can also approach them to help settle any remaining balance on business debt, collections, or repossessions.
They can even help negotiate for back taxes and IRS debt. But, you won’t receive assistance for the majority cases, loans from the government, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you with laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find debtors who are in violation in order to get cash settlements, if they are possible. Certain violations may cause your debt to be dismissed as well.
CuraDebt also allows you to pay off debts with less than the amount you have. Additionally, you can inquire about your debt during their no-cost consultation with their debt counselor.
The most appealing aspect of their program is that you will only have to pay for the charges after your debt has been settled. All you have to sign up to one of their plans, and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. After they have gathered all your financial documentation They will also gather all the necessary paperwork for tax returns.
By using this program, you should be able to resolve the various types of tax problems like wage garnishments, tax penalties, personal and corporate taxes, back taxes, trust fund penalties, and tax liens.
There aren’t any hidden charges either. They only use flat-fee pricing, which depends on the amount you must settle.
They offer different options in the settlement of taxes. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they assist you with?
Although they specialize in debt settlement, it is not their forte but they aren’t able to offer all kinds of settlement. CuraDebt only focuses on debt that is not secured. They can’t help you if your debt or loan is tied to a physical item.
If you do have the following types of debt, they will make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay taxes that are due without difficulty. Furthermore, this service is offered to all 50 states in the event that you owe money towards the IRS. There are federal tax experts to assist you with these kinds of problems.
CuraDebt can also help resolve the medical bills. In some instances, you may even pay the debt for less than you are owed.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students with negotiating any student loans that they owe.
Personal and payday loans are also eligible for the debt settlement program. You may also be eligible the program if you have other unsecure credit lines that you got from a different bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards as well as private label credit card, CuraDebt will help you pay it off.
How much will it cost?
The greatest thing about CuraDebt is the way they’ve priced their services. They don’t charge an upfront fee. Only pay when you have paid off all of your outstanding debts.
Additionally, they don’t charge high costs either. On average, you’ll be required to pay as much as 20 percent of the debt you settled with them.
In general, this type of industry can charge anywhere from 15% to 25%.
Additionally, customers can anticipate to settle their debt from 2 to 4 years. But, it also differs in relation to the amount you can save up per month.
Additionally, they claim that you can save as much as 30% by incorporating their fees in your equation.
However, this statement will depend on your specific situation. Some clients even mentioned saving between 50% and up to 80%.
Advantages to using CuraDebt
Once you’ve got an understanding of what CuraDebt can offer you let’s look into the advantages that come with using CuraDebt.
In the beginning, CuraDebt will only charge you when you’ve paid off your debt. In addition, they only charge a 20% fee while the majority of companies charge 25 percent.
Next, if you’re done with the debt settlement program you could enroll in their credit repair program.
It’s an excellent way to restore the credit rating without going in debt again. However, the program runs different for every person dependent on the circumstances of your case.
Lastly, CureDebt looks into your financial obligations to assist in settlements and negotiations. This means your debt won’t increase over time. They’ll also look into any creditor violations with the assistance of their experts in-house.
Some disadvantages to using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt settlement and debt relief often require you to stop making payments using your credit card. Therefore, if you’re trying increase your rating on your credit, this might delay you from finishing your obligations.
CureDebt doesn’t even offer a mobile application. While they do have a website that clients can access but it’s aged and simple. It’s not particularly user-friendly, and can be challenging to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to resolve your debt without having to spend more on these kinds of services. Additionally their 20% service fee is lower than many firms that charge a 25% fee. There is no upfront payment and you’ll only have to pay when the debt is paid off.
While they’ll provide you with an account that allows you to track your progress but their website isn’t easy to navigate. CuraDebt does not have an app yet, which could make it easier for you to look at your performance.
They do have a good support team and can be reached them, not only via emails but also by phone or making an e-ticket. Does Tax Relief Affect The Economy
If your debt is a big problem, then we recommend CuraDebt’s service. Be sure to be qualified and that the services that they provide are offered in your state.
FAQ Does Tax Relief Affect The Economy
How long does it take to complete the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt aid with state tax problems?
Yes, CuraDebt offers a program for tax relief that can help you with problems such as late payroll tax issues and garnishments of wages.
What’s the first thing I have to do after joining the program?
You’ll need to constantly communicate with your team members and pay the required payments to lower your debt over time.